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<br /> ' � �� � abandoncd Propeny. Borrowcr shall also bc in default if Borrower, during thc loa�i application process, �avc �_
<br /> ��� materjally false or ynaccuraze lnfarmatian or statements to Lender (or failed to provide l.ender with any materi�l _
<br />��;•- infarmation) in connectlon wich the loan evidenced by the Note, including, but not limited to, represenYations _.
<br /> s conceming Borrower's occupancy of the Property as a principal residence. If this Security Instrument Is on a !_�
<br /> leasehold, Bonower shalt comply with the provisions af the lease. If Aorrower acquires fee title ta the Propeny, the �_,___
<br /> leasehold and fce tide shall not be merged unless Lcnder a�rees to the merger in writing, `,,--_-.
<br />�� � � 6.Condemnation.The praceeds of any award or clalm far damages, direct or consequential, in connection with �� _
<br /> any candemnation or other taking of any part of the Propeny, or for conveyance in place of condemnation, are
<br /> ' hereby assigned and shall be paid to L.endcr to the extent of the full amount of the indebtedness that remains unpaId :..'"""
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<br />- under the Note and this Security Instrument. Lender shall apply such proceeds ro thc reduction of the indebtedness �
<br /> under the Note and diis Security Instrument, �rst to any delinquent amounts applled in tha order provided in �
<br /> . paragraph 3,and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or �
<br />_� ' postpone the due date of the monthly payments, which are refened to in paragraph 2, or change tlie auiount of such F
<br /> payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this L��
<br /> Security Instrument shall be paid to the entity legally entided thereto. r�
<br />; - 7. Charges to Borrower und Protectton of Lender's R(ghts in the Property. Bonower shall pny all ['�
<br /> governmentat or municipal charges, fines and imposltions that are not included In paragraph 2. Bonower shall pay _
<br /> these obligations on time directly to the entity whlch is owed the payment.If failure to pay would adversely affect =
<br /> Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to L.ender receipts _
<br /> � , evidencing these payments.
<br /> �� � If Bonower fails[a make these paymcnts or the payments required by paragraph 2,or falls to perform any other
<br /> covenants and agreements contained in this Securiry Instrument, or there is a legal proceeding that may significantly
<br /> __.__�. affect Lender's rights in the Property (such as a proceeding in banlcruptcy,far condemnation or to enforce laws or
<br />- � • regulations), then Lender may do and pay whatever is necessary tu proicci the tialue oi ih� Prap�riy and Lender's
<br />'.r'. rights in the Property,including payment of taxes,hazard insurance and other items mentioned in paragraph 2. _
<br />=,,;a,,;,.,.. , Any amounts disbursed by l.ender under this paragraph shall hecome an additional debt of Bonower and be _
<br /> , secured by this Security Instrument. These amounts shall beaz interest from thc date of disbursement, at the Note
<br />-"t � � rate,and at the option of Lender, shall be immediately due and payable.
<br />-?'••:� � Bonower shall promptly discharge any lien which has prioriry over this Security Instrument unless Boirower
<br /> t?.:.�- •.. (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br />=.'_L •�. wntests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings whicri in the
<br />�-°�'^`�� � �• I.ender's opinion operate to prevent the enforcemen[ of the lien; or (c) secures from [he holder of the lien an
<br />�='-. ' '"` a rcement satisfacto to Lendcr subordinating the licn to this Securlty Instrument. If Lendcr determines that any pan
<br /> .s•:�;'�,: � g ry
<br />":,•:.b,,��s��," of the Proper[y is subject to a lien which may attain prioriry over this Security Instrument, Lender may give
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<br /> i;:,,��,.,,,.,,,�. Bonowcr a notice Identifying the lien. Bonower shall satisfy the lien or take one or more of the actions set o
<br /> � -•• � above within 10 days of the giving of notice. -
<br />_ • • • 8.Fees.Lender may collect fees and charges authorizec!by the Secretary.
<br /> � 9.Groimds for Accelerutton of Debt. -
<br /> , . (u) Default. Lender may,except as limited by regulations issued by the Secretary, in the case of payment _
<br />_ , , ;� defaults, require inunediate paymcnt in full of all sums secured by this Security Instrument if:
<br />�,,�� (i)Borrower defaults by failing to pay in full any monthly payment rcquired by this Security[nstrument --
<br />_- _ prtor to or on thc due date of the next monthly payment,or
<br /> �' � �� �� � �.� (ii) Borrower defaults by failing,for a period of thirry days, to perform any other obligations contained
<br /> * in this Security Instru►nent.
<br /> - ti (b) Sule Without CredLt Approval.Lender shall, if permitted by applicable law(including Scetion 341(d)
<br /> •' ' of the Garn-St. Germain Depositary Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior _
<br /> � : : approval of the Secretary,require immediate payment in full of all sums secured by this Security Instrument =_ _.
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